Efforts to Minimize Turnover Can Help Eliminate Unnecessary Costs and Can

question 6

Multiple Choice

Efforts to minimize turnover can help eliminate unnecessary costs and can enhance a company's ____ strategy.

• A) differentiation
• B) cost leadership
• C) segmentation
• D) production

---

Definitions:

Direct Materials Cost

The expense incurred for raw materials that are directly incorporated into a finished product.

T-Accounts

A simplified form of accounting ledger that uses a two-column format to show the increases and decreases in different financial accounts.

Job-Order Costing System

An accounting method that accumulates costs for individual units or small batches of production, often used for custom orders.

Direct Materials

Raw materials that are directly traceable to the production of a specific product.